Inflation Expectations
156 postsFedspeak Monitor: July 8th
With the Fourth of July falling midweek this week, we did not see very much new Fedspeak. Williams, Logan and Goolsbee all made hawkish comments, suggesting a need for further rate hikes this year.
PMIs and the Pandemic Business Cycle
As everyone is watching for signs of recession, some are warning that weakness in surveys like the ISM Manufacturing PMIs indicate an imminent recession. Since expectations play a major (and multi-faceted, as one can have expectations about all sorts of things) role in investment and employment...
Fedspeak Monitor: July 1st
This week was light on Fedspeak, with new statements from committee members Powell, Daly, Williams and Bostic. Bostic took a dovish note, further reiterating his belief that the Fed should consider the most recent meeting the beginning of a pause, rather than a skip in the hiking cycle.
